Landed Cost Voucher

A Landed Cost Voucher captures additional costs incurred when importing or purchasing goods — such as freight, customs duties, insurance, and handling charges. These costs are added to the item's valuation, giving you the true landed cost.

When to Use Landed Cost Voucher

Import shipments with customs duties and clearance charges
Freight and shipping costs for purchases
Insurance on goods in transit
Port handling and storage charges
Any cost that should be included in the item's value

Creating a Landed Cost Voucher

Go to Buying > Landed Cost Voucher and click New.
Select the Company.
Add the Purchase Receipts (one or more) that the costs relate to.
In the Taxes and Charges table, add the additional costs:

- Type: Actual (fixed amount) or On Net Total (percentage)

- Account Head: The expense account (will be added to inventory)

- Amount: The cost amount

- Description: e.g., "Freight", "Customs Duty", "Insurance"

Click Save and Submit.

How It Affects Inventory

When submitted, the Landed Cost Voucher distributes the additional costs across the items in the selected Purchase Receipts:

Item cost is recalculated = Original Rate + Allocated Landed Cost
The inventory value is updated
Future cost of goods sold (COGS) will use the updated valuation

Cost Distribution

Costs can be distributed based on:

Quantity: Costs divided equally per item unit
Value: Costs divided proportionally to item value

Saudi Import Scenario

For Saudi businesses importing goods:

Customs Duty: Typically 5% of CIF value (varies by product)
VAT on Import: 15% on CIF + Customs Duty (refundable input VAT)
Freight: Shipping cost from origin port to Saudi port
Port Charges: Saudi port handling fees
Clearance: Customs clearance agent fees